POS 0.00% 0.5¢ poseidon nickel limited

"Value Accretive":DJ Carmichael's Paul Adams, page-11

  1. 1,694 Posts.
    lightbulb Created with Sketch. 49
    Simple answer :

    1.Proven Nickel team…..think Neil Hutchinson, Michael Rodriguez etc etc.

    2. AF's cred's in delivering big picture mining operations played a massive role.

    3. Other hopefuls, offered more I believe but set ridiculous long dated settlement terms…..others offered around what POS offered but had no proven track record.

    4. Norilsk, simply wanted the care and maintenance liability removed and also a chance to get their significant bond monies tied up in the 2 projects. I personally believe they are not taking a stake in POS be it CR, on market buying. They are packing up and going home….full stop, the assets only have upside value for a company like POS….any other company would struggle to make them work IMHO.

    5. POS got lucky by dealing in a straight forward manner on the first asset and simply asked the question on what other assets Norilsk wanted to get rid of……hence LJ was put on the table and a quick back to back deal was done by management through some well connected advisors.

    6.The brokers have been calling this a sell from when it ran to 24c last time…….they are trying to get set, I believe Insto's connected to Petra are buying and wanting a hell of a lot more. Hold your paper…..the re-rate is coming!!

    Big week ahead,

    GLTAH

    Please DYOR

    Ant
 
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0.5¢ 0.5¢ 0.4¢ $7.939K 1.663M

Buyers (Bids)

No. Vol. Price($)
85 45663725 0.4¢
 

Sellers (Offers)

Price($) Vol. No.
0.5¢ 11427648 22
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Last trade - 15.54pm 04/07/2024 (20 minute delay) ?
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